Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,035 shares of the company’s stock after selling 3,461 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Norwegian Cruise Line were worth $4,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC boosted its holdings in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 4.8 %

Shares of NCLH opened at $25.70 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 0.25 and a beta of 2.64. The firm has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $23.54.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NCLH shares. Mizuho raised their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.06.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.